In a Section 85 Rollover, the Lowest Value That Can

question 8

True/False

In a Section 85 rollover, the lowest value that can be elected for the transfer of cumulative eligible capital is the greater of the fair market value of the boot and the least of 4/3 of the cumulative eligible capital balance, the cost of the individual eligible capital property, and the fair market value of the individual eligible capital property.

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Definitions:

Directive

An authoritative command or instruction that guides someone’s actions or decisions.

Nondirective

A therapeutic approach where the counselor or therapist provides support and reflection without directly guiding or controlling the client's decisions or actions.

Facilitative Conditions

Environmental or interpersonal conditions that enhance the growth, learning, or performance of individuals, such as empathy, respect, and authenticity in a therapeutic setting.

Counseling Theory

A framework or model that guides counselors in understanding clients' problems, making assessments, and developing interventions.